Styron seeks 9 cent/lb increase on US ABS

24 November 2010 22:57  [Source: ICIS news]

HOUSTON (ICIS)--Styron on Wednesday proposed a 9 cent/lb ($198/tonne, €149/tonne) price increase for acrylonitrile-butadiene-styrene (ABS) for the US Gulf market amid rising feedstock costs, sources said.

The increase matched the one sought by SABIC Innovative Plastics.

Each price increase would be effective 20 December or as contracts allow.

The hikes came as import availabilty has dropped as a result of high demand in Asia, putting upward pressure on US Gulf prices.

Distributors said the  increases were likely to pass through bercause of the lack of import availabilty and solid demand for ABS.

Major US producers of ABS are INEOS ABS, SABIC and Styron.

($1 = €0.75)

To learn more about acrylonitrile-butadiene-styrene visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: John Dietrich

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly